Quanex Building Products (NX)
Debt-to-assets ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,319,790 | 872,450 | 837,213 | 813,420 | 831,143 | 847,809 | 822,112 | 827,026 | 724,617 | 743,607 | 740,490 | 718,272 | 717,323 | 719,192 | 715,572 | 694,271 | 691,585 | 686,791 | 712,885 | 667,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,319,790K
= 0.00
The debt-to-assets ratio for Quanex Building Products has consistently been 0.00 across multiple reporting periods, indicating that the company has not utilized debt financing to fund its operations or acquire assets. A debt-to-assets ratio of 0.00 suggests that the company's total debt is negligible compared to its total assets, signaling a low level of financial risk and a strong financial position. This could reflect a conservative approach to capital structure and financial management, with a preference for equity financing or self-funding investments. It is important to note that while a low debt-to-assets ratio can be a positive indicator of financial health, it may also suggest opportunities for the company to leverage debt strategically to support growth or optimize capital structure in the future.
Peer comparison
Oct 31, 2024